Oracle's miss sparks Wall St fears of spending cuts

(Reuters) - Oracle Corp shares fell 14 percent on Wednesday, a day after its results fell short of expectations, dragging down the tech sector as investors feared the rare miss was a sign corporate America may be pulling back on tech spending. Troubles at the No. 3 software maker follow profit warnings from big tech names including Hewlett-Packard Co, Intel Corp and Texas Instruments Inc. The warnings were not limited to Silicon Valley, with U.S. industrial conglomerate Emerson Electric Co reporting a drop in orders for equipment used in big data centers. ...